Common use of INFORMATION PROVIDED TO THE CLIENT Clause in Contracts

INFORMATION PROVIDED TO THE CLIENT. 6.1 - Execution confirmation BRED shall send the CLIENT an execution confirmation for each transaction, one business day after the bank has itself received confirmation of the order’s execution on the market or from the mutual fund concerned, to enable the CLIENT to identify the transaction executed and the terms and conditions of said execution. The information contained in the confirmation shall be in accordance with the AMF’s regulations. Should the order’s transmission fail, BRED shall duly inform the CLIENT by any reasonable means that permit it to reach the CLIENT rapidly. At the CLIENT’s request, BRED will inform him of the execution status of his order. Taking into account delivery times, the CLIENT is requested to notify BRED if he does not receive an execution confirmation within a period of 72 (seventy-two) hours. BRED will then send him a duplicate of the confirmation. Upon receipt of this execution confirmation or its duplicate, the CLIENT or his authorised representative shall have a period of 2 (two) days to contest the confirmation. Should no objection be expressed within this period, the transaction thus recorded is considered to be accepted by the CLIENT. In any case, all claims shall become time-barred 6 (six) months after conclusion of the transaction contested.All claims must be submitted in writing and state the reasons for the objection. In the event of a claim, without prejudice to its merits, BRED, on its sole initiative, is entitled to liquidate the CLIENT’s position by executing an order in the opposite direction from the order being contested. If the claim is found to be unsubstantiated, the fees and expenses resulting from said liquidation shall be borne by the CLIENT.

INFORMATION PROVIDED TO THE CLIENT. 6.1 - Execution confirmation BRED SBE shall send the CLIENT an execution confirmation for each transaction, one business day after the bank has itself received confirmation of the order’s execution on the market or from the mutual fund concerned, to enable the CLIENT to identify the transaction executed and the terms and conditions of said execution. The information contained in the confirmation shall be in accordance with the AMF’s regulations. Should the order’s transmission fail, BRED SBE shall duly inform the CLIENT by any reasonable means that permit it to reach the CLIENT rapidly. At the CLIENT’s request, BRED SBE will inform him of the execution status of his order. Taking into account delivery times, the CLIENT is requested to notify BRED SBE if he does not receive an execution confirmation within a period of 72 (seventy-two) hours. BRED SBE will then send him a duplicate of the confirmation. Upon receipt of this execution confirmation or its duplicate, the CLIENT or his authorised representative shall have a period of 2 (two) days to contest the confirmation. Should no objection be expressed within this period, the transaction thus recorded is considered to be accepted by the CLIENT. In any case, all claims shall become time-barred 6 (six) months after conclusion of the transaction contested.All claims must be submitted in writing and state the reasons for the objection. In the event of a claim, without prejudice to its merits, BREDSBE, on its sole initiative, is entitled to liquidate the CLIENT’s position by executing an order in the opposite direction from the order being contested. If the claim is found to be unsubstantiated, the fees and expenses resulting from said liquidation shall be borne by the CLIENT.